Global Smart Bed Market (2021 to 2030) – Opportunity Analysis and Industry Forecasts

DUBLIN, November 18, 2021– (BUSINESS WIRE) – Added the report “Smart Beds Market By Type, Application, and Distribution Channel: Global Opportunity Analysis & Industry Forecast 2021-2030” has been added ResearchAndMarkets.com to offer.

Smart beds are technologically advanced beds that allow users to expand the capabilities of their beds beyond their basic functions by automatically adjusting the settings of the beds according to the comfort of the users. In addition, committed gamers keep developing innovative products such as smart bed sensor apps and contactless sleep trackers that are installed under smart beds to stay relevant in the highly competitive market.

The growth of the global smart bed market is being driven by factors such as infrastructure developments due to the increasing number of hospitality and residential units. In addition, it is expected that the demand for luxury and bespoke smart beds will increase. In addition, given the rise in disposable income and the increase in the affluent population, premium products are expected to gain importance in the coming years, which will drive the growth of the market.

However, counterfeiting is one of the major market restraints destroying the brand image of original products as counterfeiters sell damaged, rejected or counterfeit Smart Beds under the name of a well-known brand for good profits. As a result, products sold no longer last and affect the brand image.

The outbreak of the COVID-19 pandemic negatively impacted the global smart bed market in the first quarter of 2020, and smart bed sales fell sharply. However, market participants have embraced the change and turned to the omnichannel approach. In addition, dedicated industry stakeholders have come up with new innovations to attract consumers.

The report segments the Smart Bed market by type, application, sales channel and region. By type, the market is divided into manual, semi-automatic and automatic. Based on the application, it is divided into Healthcare, Hospitality, Residential, and others. By sales channel, it is divided into supermarkets / hypermarkets, online stores, specialty stores and others. The market in North America, Europe, Asia-Pacific and LAMEA is analyzed by region.

Main advantages

  • The study provides an in-depth analysis of the global Smart Bed Market with current and future trends to explain the upcoming investment pockets in the market.

  • Current and future trends are outlined in the report to determine overall market attractiveness and to filter out profitable trends to gain a stronger foothold in the market.

  • The report contains information about drivers, restrictions and opportunities with impact analysis.

  • A quantitative analysis of the current market and an estimate of the same from 2020 to 2030 is provided to demonstrate the financial literacy of the market.

  • Porter’s Five Forces Analysis highlights the capabilities of buyers and suppliers to enable stakeholders to make for-profit business decisions and strengthen their supplier-buyer network.

  • The value chain analysis in the report provides a clear understanding of the roles of the stakeholders involved in the value chain.

  • Competitive Intelligence highlights the business practices of the leading market players in different regions.

Market dynamics

driver

  • Rapid innovation in sleeping mattresses

  • Growth in infrastructure investments in the residential and commercial sectors

  • Increasing customer inclination towards modular furniture

  • Growth in urbanization and rapid expansion of the hospitality industry

Restrictions

Opportunities

Mentioned companies

  • ArjoHuntleigh AB

  • BodyTrak

  • Hi-Interiors SRL

  • Hill Rom Holdings Inc

  • Invacare Corporation

  • J├Ârns Healthcare LLC

  • LINET spol. GmbH

  • Paramount Bed Co. Ltd

  • Sleep Number Corporation

  • Stryker Corporation.

Please visit https://www.researchandmarkets.com/r/26hg9z for more information on this report

View source version on businesswire.com: https://www.businesswire.com/news/home/20211118005987/en/

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